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Mortgages plc boosts staff by 33%

Mortgages plc says it has had to increase staff numbers by a third to cope with increased business volumes.

The firm has taken on more than 50 new staff since January and is now placed to handle anticipated further growth. The lender says it is on course to complete total non-confirming lending volumes by excess of 1.5bn this year.

The firm, which is a subsidiary of Merrill Lynch, says its new applications and re-submissions are now underwritten within 48 hours of receipt and offers are produced and dispatched within 24 hours.

Its online proposition is about to go into a pilot scheme and the company claims product development, innovation and this new online offering will all play major roles in the coming months.

Mortgages plc sales and marketing director Peter Beaumont says: “Our business volumes have increased in a year where overall lending volumes are down. We are hitting targets today that we were not due to reach until 2007. This sort of growth has brought with it some challenges but we have significantly invested in our infrastructure to ensure that we can cope with our current and future volumes.”

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19th December 20188:33 am

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